Analyst: Apple’s record-breaking rally is about ‘MOMO’ not ‘FOMO’

Apple shares hit a new all-time intraday high on Tuesday, continuing the rally leading into and following the stock’s 4-for-1 split.
Apple Park in Cupertino, California
Ines Ferré for Yahoo Finance:Year-to-date Apple is up 80%, while the S&P 500 is up about 8%. The move has some analysts on their heels as they aim to explain what’s happening to their clients.
In a research note to clients, BofA analyst Wamsi Mohan highlighted possible factors behind the stock’s &ldqu